Bitcoin Billionaire Mike Novogratz Sets New Catch! - News-Credit-Mortgage-Coin

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Thursday, October 1, 2020

Bitcoin Billionaire Mike Novogratz Sets New Catch!

 



Bitcoin billionaire and former hedge fund manager Mike Novogratz is known for his successful investments. The famous billionaire identified his new catch in the market and entered the decentralized finance (DeFi) market with his latest investment.


Bitcoin billionaire Mike Novogratz enters DeFi market!

Mike Novogratz, CEO of renowned crypto investment firm Galaxy Digital, has become a minority shareholder in asset management firm ParaFi Capital, which specializes in blockchain and DeFi. Galaxy Digital joined companies such as investment firm Bain Capital Ventures and private equity giant KKR's Henry Kravis as an investor in ParaFi.


According to ParaFi, the partnership will result in mutual benefits where Galaxy Digital can leverage the company's expertise to identify opportunities in the emerging DeFi space. Galaxy Digital president Christopher Ferraro made the following statement on the subject:


WITH GALAXY'S INDUSTRY EXPERTISE AND DEFI TOKEN LIQUIDITY AND UNIQUE INSIGHT ON THE MARKETS THROUGH OUR BUYING AND SELLING TABLE, WE ARE UNDERSTANDING ON WHICH APPLICATIONS AND TEAMS OF OUR PARTNERSHIP IN DEFI.


Ben Forman: We look forward to a close collaboration with the Galaxy team

Ben Forman, founder and managing partner of ParaFi Capital, is optimistic about DeFi's progress amid scam and get-rich-quick schemes. Ben Forman made the following statement on the subject:


PROGRAMMABLE FINANCE IS THE 'ZERO ONE' INNOVATION PROVIDED BY BLOCKCHAIN AND DEFI REPRESENTS THE NEW ARCHITECTURE FOR A NEW, OPEN FINANCIAL NETWORK ... DEFI APPROACHES A TURNING POINT WHEN THE GALİYAXY IS APPROACHING THE POINT OF BUSINESS.


Founded in 2018, ParaFi Capital has invested in various DeFi protocols, including Compound (COMP), Aave (LEND), Uniswap (UNI), and Synthetix (SNX).

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